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Jul252014

Google Buys Twitch for $1 Billion

The guys over at Venture Beat have seemed to gained the confirmation that the deal between Google and Twitch has been completed. It was reported a short while ago that Google was going to be buying the video gaming streaming service for around $1 billion USD. Neither company has decided to make any comments, but there is significant evidence to prove the existence of the deal.

According to Venture Beat, "Twitch has more than 50 million monthly active users and more than 1.1 million members who broadcast videos each month. Back in June 2011, Twitch had just 3.2 million monthly active users. Twitch also distributes shows from partners including CBS Interactive’s GameSpot, Joystiq, and Destructoid, all gaming-news sites. More than 13 billion minutes of video are watched per month on Twitch."